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Orocobre Limited is an other industrial metals & mining business based in Australia. Orocobre shares (ORE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Orocobre has a trailing 12-month revenue of around $77.1 million.
How to buy shares in Orocobre
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Orocobre. Find the share by name or ticker symbol: ORE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Orocobre reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $2.71, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Orocobre. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
🧪How we chose these brokersFor our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.
What's in this guide?
How has coronavirus impacted Orocobre's share price?
Since the stock market crash in March caused by coronavirus, Orocobre's share price has had significant negative movement.
Its last market close was $2.71, which is 21.45% down on its pre-crash value of $3.45 and 47.68% up on the lowest point reached during the March crash when the shares fell as low as $1.835.
If you had bought $1,000 worth of Orocobre shares at the start of February 2020, those shares would have been worth $659.10 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $879.88.
Orocobre share priceUse our graph to track the performance of ORE stocks over time.
Orocobre shares at a glance
|52-week range||$1.825 - $5.25|
|50-day moving average||$4.2736|
|200-day moving average||$3.1403|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.06|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Orocobre stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Orocobre price performance over time
|1 week (2021-01-08)||-45.80%|
|1 month (2020-12-16)||-35.01%|
|3 months (2020-10-16)||2.26%|
|6 months (2020-07-16)||-0.37%|
|1 year (2020-01-16)||-24.30%|
|2 years (2019-01-16)||-16.62%|
|3 years (2018-01-15)||-62.05%|
|5 years (2016-01-15)||13.38%|
Is Orocobre under- or over-valued?
Valuing Orocobre stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Orocobre's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Orocobre's P/E ratio
Orocobre's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 37x. In other words, Orocobre shares trade at around 37x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Orocobre's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $16.1 million (£0.0 million).
The EBITDA is a measure of a Orocobre's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$77.1 million|
|Gross profit TTM||$5.3 million|
|Return on assets TTM||-1.99%|
|Return on equity TTM||-9.42%|
|Market capitalisation||$1.7 billion|
TTM: trailing 12 months
Orocobre share dividends
We're not expecting Orocobre to pay a dividend over the next 12 months.
Have Orocobre's shares ever split?
Orocobre's shares were split on 28 May 2009.
Orocobre share price volatility
Over the last 12 months, Orocobre's shares have ranged in value from as little as $1.825 up to $5.25. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Orocobre's is 1.5981. This would suggest that Orocobre's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Orocobre Limited engages in the exploration, development, and production of lithium in Argentina. The company's flagship project is the Olaroz Lithium Facility located in the Jujuy province of northern Argentina. It also operates two open pit mines situated in Tincalayu and Sijes producing minerals, refined products, and boric acid. In addition, the company owns 100% Cauchari Lithium Project. Orocobre Limited was incorporated in 2005 and is based in Brisbane, Australia.
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